Global Markets: LNG Buyers in Asia Look to Resell Supply

Global Markets: LNG Buyers in Asia Look to Resell Supply

North Asia’s top liquefied natural gas buyers are looking to resell shipments due in part to high inventories, a move that is bound to push spot prices lower. Chinese importers, including PetroChina Co., are offering to sell LNG shipments for December delivery, according to traders with knowledge of the matter. That’s on top of Chinese firms already reselling at least five shipments for November, the traders added. Some Japanese importers are also offering shipments. That’s…

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